Shell Midstream Partners L.P. [NYSE: SHLX] surged by $0.18 during the normal trading session on Tuesday and reaching a high of $9.77 during the day while it closed the day at $9.67.
Shell Midstream Partners L.P. stock has also gained 0.52% of its value over the past 7 days. However, SHLX stock has declined by -21.19% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.11% and lost -52.15% year-on date.
The market cap for SHLX stock reached $3.81 billion, with 393.30 million shares outstanding and 123.71 million shares in the current float. Compared to the average trading volume of 1.07M shares, SHLX reached a trading volume of 1454174 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Shell Midstream Partners L.P. [SHLX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHLX shares is $14.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHLX stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Shell Midstream Partners L.P. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on June 04, 2020. While these analysts kept the previous recommendation, Credit Suisse dropped their target price from $17 to $13. The new note on the price target was released on March 12, 2020, representing the official price target for Shell Midstream Partners L.P. stock. Previously, the target price had yet another raise to $19, while Mizuho analysts kept a Neutral rating on SHLX stock.
The Average True Range (ATR) for Shell Midstream Partners L.P. is set at 0.39, with the Price to Sales ratio for SHLX stock in the period of the last 12 months amounting to 7.74. The Price to Book ratio for the last quarter was 5.79, with the Price to Cash per share for the same quarter was set at 0.84. Price to Free Cash Flow for SHLX in the course of the last twelve months was 77.70 with Quick ratio for the last quarter at 5.40.
SHLX stock trade performance evaluation
Shell Midstream Partners L.P. [SHLX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.52. With this latest performance, SHLX shares dropped by -9.96% in over the last four-week period, additionally sinking by -3.11% over the last 6 months – not to mention a drop of -52.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHLX stock in for the last two-week period is set at 40.40, with the RSI for the last a single of trading hit 45.43, and the three-weeks RSI is set at 39.27 for Shell Midstream Partners L.P. [SHLX]. The present Moving Average for the last 50 days of trading for this stock 10.84, while it was recorded at 9.38 for the last single week of trading, and 14.00 for the last 200 days.
Shell Midstream Partners L.P. [SHLX]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Shell Midstream Partners L.P. [SHLX] shares currently have an operating margin of +43.14 and a Gross Margin at +58.45. Shell Midstream Partners L.P.’s Net Margin is presently recorded at +75.75.
Return on Total Capital for SHLX is now 11.33, given the latest momentum, and Return on Invested Capital for the company is 6.72. Return on Equity for this stock inclined to 11.72, with Return on Assets sitting at 19.38. When it comes to the capital structure of this company, Shell Midstream Partners L.P. [SHLX] has a Total Debt to Total Equity ratio set at 84.01. Additionally, SHLX Total Debt to Total Capital is recorded at 45.65, with Total Debt to Total Assets ending up at 134.77. Long-Term Debt to Equity for the company is recorded at 83.98, with the Long-Term Debt to Total Capital now at 45.64.
Receivables Turnover for the company is 8.89 with a Total Asset Turnover recorded at a value of 0.26.Shell Midstream Partners L.P.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.40 and a Current Ratio set at 5.40.
Earnings per share (EPS) analysis for Shell Midstream Partners L.P. [SHLX] stock
With the latest financial reports released by the company, Shell Midstream Partners L.P. posted 0.45/share EPS, while the average EPS was predicted by analysts to be reported at 0.41/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHLX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Shell Midstream Partners L.P. go to -7.01%.
Shell Midstream Partners L.P. [SHLX]: Insider Ownership positions
There are presently around $1,107 million, or 30.10% of SHLX stock, in the hands of institutional investors. The top three institutional holders of SHLX stocks are: TORTOISE CAPITAL ADVISORS, L.L.C. with ownership of 17,618,166, which is approximately -3.526% of the company’s market cap and around 68.55% of the total institutional ownership; ALPS ADVISORS INC, holding 15,045,027 shares of the stock with an approximate value of $145.49 million in SHLX stocks shares; and CHICKASAW CAPITAL MANAGEMENT LLC, currently with $92.82 million in SHLX stock with ownership of nearly 44.97% of the company’s market capitalization.
Positions in Shell Midstream Partners L.P. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 61 institutional holders increased their position in Shell Midstream Partners L.P. [NYSE:SHLX] by around 13,074,602 shares. Additionally, 89 investors decreased positions by around 13,617,218 shares, while 21 investors held positions by with 87,791,546 shares. The mentioned changes placed institutional holdings at 114,483,366 shares, according to the latest SEC report filing. SHLX stock had 18 new institutional investments in for a total of 3,438,496 shares, while 27 institutional investors sold positions of 2,451,453 shares during the same period.